Capstone has closed the sale of Summit View Apartments located at 1930 E Bijou Street, a 27,288 SF multifamily property for the sale price of $5,365,000 or $149,000 per door. Jeff Dimmen of Capstone represented the Seller and Pat Knowlton of Capstone represented the Buyer on this transaction.
Summit View consists of 36 units; 25 one bed/one bath units, 8 two bed/one bath units and 3 are three bed/one bath units. New furnaces were installed in every unit, the property is also being delivered with a new boiler and new roof. The property also features new window, new commercial grade washers & dryers and an updated courtyard with artificial turf and fenced in dog walk.
Summit View Apartments is conveniently located on the corner of E Bijou Street and Swope Avenue. The property is centrally located near Memorial Hospital, Memorial Park, and 10 minutes from the Colorado Springs Airport.
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About Capstone:
The goal of Capstone is to help generate, maintain, and increase the value and profitability of our clients’ multi-housing investment properties. To do so, we provide comprehensive multi-housing advisory services in asset acquisition and development, strategic ownership decisions, market insight and positioning, property value analysis, and disposition brokerage to support our clients in every stage of ownership. This comprehensive multi-housing-focused service offering paired with our relentless drive to win on behalf of our clients is what sets us apart from pedestrian brokerage firms. Capstone simply put: Expertise. Experience. Extra-Mile.
